Marco Investment Management LLC Has $24.85 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Marco Investment Management LLC raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,183 shares of the investment management company’s stock after acquiring an additional 800 shares during the quarter. The Goldman Sachs Group makes up 2.1% of Marco Investment Management LLC’s portfolio, making the stock its 11th largest holding. Marco Investment Management LLC’s holdings in The Goldman Sachs Group were worth $24,846,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GS. Acadian Asset Management LLC grew its holdings in shares of The Goldman Sachs Group by 407.2% in the 1st quarter. Acadian Asset Management LLC now owns 421 shares of the investment management company’s stock worth $175,000 after purchasing an additional 338 shares during the last quarter. Shell Asset Management Co. bought a new stake in The Goldman Sachs Group during the 1st quarter worth about $377,000. Gamco Investors INC. ET AL grew its holdings in The Goldman Sachs Group by 1.6% during the 1st quarter. Gamco Investors INC. ET AL now owns 6,461 shares of the investment management company’s stock worth $2,699,000 after acquiring an additional 100 shares during the last quarter. Elkhorn Partners Limited Partnership bought a new stake in The Goldman Sachs Group during the 1st quarter worth about $4,129,000. Finally, Ascent Group LLC grew its holdings in The Goldman Sachs Group by 4.7% during the 1st quarter. Ascent Group LLC now owns 1,102 shares of the investment management company’s stock worth $460,000 after acquiring an additional 49 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Insiders Place Their Bets

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,416 shares of The Goldman Sachs Group stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the completion of the transaction, the executive vice president now directly owns 57,614 shares of the company’s stock, valued at $34,358,685.04. The trade was a 10.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian J. Lee sold 2,000 shares of The Goldman Sachs Group stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $530.90, for a total value of $1,061,800.00. Following the sale, the insider now directly owns 10,095 shares of the company’s stock, valued at $5,359,435.50. This represents a 16.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,390 shares of company stock valued at $6,656,119 over the last ninety days. 0.54% of the stock is currently owned by company insiders.

The Goldman Sachs Group Price Performance

NYSE GS opened at $602.78 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 12-month low of $334.87 and a 12-month high of $607.15. The company has a market capitalization of $189.22 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 0.87 and a beta of 1.35. The firm’s 50 day moving average is $529.52 and its 200-day moving average is $494.13.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, beating the consensus estimate of $6.89 by $1.51. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The business had revenue of $12.70 billion during the quarter, compared to analysts’ expectations of $11.77 billion. During the same period last year, the business earned $5.47 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 37.15 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be given a dividend of $3.00 per share. The ex-dividend date is Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a yield of 1.99%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 35.21%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Wolfe Research raised shares of The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. Evercore ISI increased their price objective on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. JMP Securities increased their price objective on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. UBS Group increased their price objective on shares of The Goldman Sachs Group from $550.00 to $560.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $500.00 target price on shares of The Goldman Sachs Group in a research note on Tuesday, July 30th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $542.00.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.